Li-Cycle Holdings Corp. Faces Class Action Lawsuit; Shareholders Urged to Act by Deadline

On November 16, 2023, The Gross Law Firm announced a shareholder alert concerning a class action lawsuit filed against Li-Cycle Holdings Corp. LICY. The lawsuit seeks to represent shareholders who purchased LICY securities during a specified class period and were potentially harmed by alleged federal securities laws violations. The notice brings to attention the upcoming deadline of January 8, 2024, for shareholders to apply for the position of lead plaintiff in the lawsuit.

Background of the Case

The lawsuit claims that Li-Cycle Holdings Corp. may have provided misleading information and failed to disclose material adverse facts about the company's business operations and prospects. As a result, the lawsuit contends that the company's public statements were materially false and misleading at all relevant times during the class period. Shareholders who have suffered losses after acquiring LICY shares in this timeframe are encouraged to contact The Gross Law Firm to learn more about their legal rights and options.

Impact on Shareholders and Next Steps

Investors who purchased shares of LICY within the class period and are affected by the alleged corporate misdeeds have a limited window to take action. The announcement underscores the importance of the lead plaintiff deadline on January 8, 2024. Potential lead plaintiffs are investors with substantial losses who wish to represent the class in the court proceedings. If you have invested in Li-Cycle Holdings Corp. and wish to discuss your rights, The Gross Law Firm is seeking to connect with affected shareholders to provide guidance on legal remedies.

lawsuit, shareholders, deadline